Chainlink Reserve accumulates over 94,000 LINK, boosting holdings to 1.4 million tokens
Crypto Briefing
Chainlink Reserve added over 94,000 LINK tokens, increasing its total holdings to approximately 1.4 million.Summary
The Chainlink Reserve, a mechanism designed to ensure the long-term sustainability of the Chainlink Network, recently accumulated 94,267.77 LINK tokens, bringing its total holdings to 1,416,379.61 LINK. This accumulation is funded through Payment Abstraction, an infrastructure that converts both offchain revenue (from large enterprises using the platform) and onchain revenue (from service usage) into LINK via a decentralized exchange. The Reserve intends to hold these funds for multiple years to support future network development without planning any near-term withdrawals.
(Source：Crypto Briefing)